Contents
Market Recap
Gold’s rally since the start of 2025 has solidified its status as a go-to safe haven, with prices surging 26.5% year-to-date to $3,319.90 as of April 25. Traders seeking exposure to this volatile market often turn to platforms like Exness, which offers competitive spreads and deep liquidity for XAU/USD.Current Price Action and Trends
Price Level
Gold trades near $3,319–3,393 as of April 27, reflecting bullish momentum.Trend
The upward trajectory remains intact, driven by macroeconomic uncertainty and central bank policies.Key Levels
- Support: $3,300 (critical psychological level and recent session lows)
- Resistance: $3,400 (120-day high and immediate upside target)
- Long-Term Target: $3,504 (12-month projection per macro models)
Trading Strategy for XAU/USD
Entry Points
- Pullback Entry: Buy during dips toward $3,300–3,310 with RSI > 50 (bullish momentum intact)
- Breakout Entry: Enter long positions above $3,400 with volume confirmation
Risk Management
- Stop Loss (SL): Place below $3,290 (5% risk tolerance; invalidates breakout thesis)
- Take Profit (TP):
- 50% at $3,350
- 50% at $3,400 (resist trailing stops above $3,380)
Key Indicators to Monitor
- RSI: Avoid entries if >70 (overbought) or <30 (oversold); focus on mean reversion between 50–70
- Moving Averages:
- 50-day MA ($3,150): Dynamic support
- 200-day MA ($3,000): Long-term trend validator
Rationale for Strategy
- Bullish Drivers: Inflation fears, Fed rate cuts expectations, and geopolitical tensions in key producing regions
- Volatility: Monitor USD momentum (weaker dollar = bullish for gold); Hedge fund net long positions remain elevated
Final Advice
Execute pullback entries at $3,310 with tight SLs, as downside risks outweigh intraday opportunities. Scale partially at $3,350 to lock gains, then let remaining positions ride toward $3,400. For swing trades, consider late-April expiry options to hedge daily volatility.Pro Tip: Use Exness’ MetaTrader 4/5 for real-time order templates and algo-based alerts at key levels. Maintain 2:1 risk-reward ratios to stay ahead of profit targets.
